About Lightnet
Lightnet is a company based in Huai Khwang (Thailand) founded in 2018 by Tom Sudchai and Chatchaval Jiaravanon. Lightnet has raised $81.2 million across 3 funding rounds from investors including HashKey Exchange, Seven Bank and Uni-President. Lightnet offers products and services including Global Payment Solution, Digital Wallet, and Multi-Currencies Account. Lightnet operates in a competitive market with competitors including TerraPay, Rapyd, Kadmos, TransferTo and Streami, among others.
- Headquarter Huai Khwang, Thailand
- Founders Tom Sudchai, Chatchaval Jiaravanon
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Lightnet (Thailand) Company Limited
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Annual Revenue
$840.57 K (USD)0as on Dec 31, 2020
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Net Profit
-$1.44 M (USD)0as on Dec 31, 2020
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EBITDA
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Total Equity Funding
$81.2 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
HashKey Exchange
& 9 more
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Employee Count
Employee Count
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Products & Services of Lightnet
Lightnet offers a comprehensive portfolio of products and services, including Global Payment Solution, Digital Wallet, and Multi-Currencies Account.
Enables transfers between cards, wallets, and bank accounts globally.
Facilitates cross-border remittances and virtual bank accounts securely.
Manages exchange rates via intuitive dashboard for international transactions.
People of Lightnet
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Funding Insights of Lightnet
Lightnet has successfully raised a total of $81.2M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(10 Jan 2020)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series B - Lightnet | Valuation | Raffles |
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| Aug, 2022 | Amount | Series B - Lightnet | Valuation | LDA |
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| Jan, 2020 | Amount | Series A - Lightnet | Valuation | Seven Bank , Hanwha |
Investors in Lightnet
Lightnet has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include HashKey Exchange, Seven Bank and Uni-President.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Alternative investment solutions are offered to high-growth businesses globally.
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Founded Year | Domain | Location | |
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Limited information is provided about UOB Venture Management.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lightnet
Financial Statements - Lightnet
Lightnet Comparisons
Competitors of Lightnet
Lightnet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TerraPay, Rapyd, Kadmos, TransferTo and Streami, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border money transfers are enabled by omnichannel payment solutions.
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| domain | founded_year | HQ Location |
Global payment solutions are provided by Rapyd to businesses worldwide.
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| domain | founded_year | HQ Location |
Cross-border payroll solutions are provided for global migrant workers.
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| domain | founded_year | HQ Location |
International airtime remittances are facilitated via global mobile networks.
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| domain | founded_year | HQ Location |
A cryptocurrency exchange is facilitated via blockchain and financial partnerships.
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Frequently Asked Questions about Lightnet
Lightnet was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Lightnet is headquartered in Huai Khwang, Thailand. It is registered at Huai Khwang, Bangkok, Thailand.
Tom Sudchai is the current CEO of Lightnet. They have also founded this company.
Lightnet is a funded company, having raised a total of $81.2M across 3 funding rounds to date. The company's 1st funding round was a Series A of $31.2M, raised on Jan 10, 2020.
Annual revenue of Lightnet is $840.57K as on Dec 31, 2020.
Lightnet was founded in 2018 and is headquartered in Huai Khwang, Thailand. Decentralized blockchain solutions are offered by the company for cross-border remittances, primarily through cryptocurrencies and the Velo protocol. Underbanked populations are targeted with these services, enabling efficient transactions in the fintech sector. Operations focus on secure, low-cost transfers across international borders.
Lightnet offers Global Payment Solution, Digital Wallet, and Multi-Currencies Account.
Lightnet has 10 investors. Key investors include HashKey Exchange, Seven Bank, Uni-President, Hanwha, and Raffles.